Accountability and Team Management

[Jorge Abreu]

Here, I will share my insights on utilizing project management software, conducting effective meetings, and implementing a solid business operating system.

To effectively track progress, I recommend using project management software like Asana or Monday.com. These tools allow for efficient team collaboration and provide a snapshot of what's happening in real-time. Additionally, creating a system to track property-level data is crucial. While we currently use spreadsheets, we are working on systemizing the process to streamline operations further.

Conducting meetings with clear agendas and action items is paramount. A meeting without an agenda is pointless. Like, what are we doing? I believe in structuring meetings to ensure productivity and accountability. Every meeting should have a goal and objective, with follow-up actions tracked in a task manager, like Asana. Implementing an effective business operating system, such as EOS (Entrepreneurial Operating System), is also valuable. This system establishes consistency and structure, keeping everyone aligned with the company's goals.

Holding team members accountable for their actions is vital to achieving success. Weekly KPI reviews and clear communication facilitate accountability. It allows you to hold others accountable, too, instead of just talk. By tracking their actions and the property's KPIs, you can identify areas that need improvement and ensure that everyone is working toward the same objectives. 🎯

By prioritizing accountability and team management, you can create a high-functioning real estate investment business. Weekly KPIs, project management software, structured meetings, and effective business operating systems are essential tools for achieving success. Remember, actions speak louder than words, and knowing your numbers is key to optimizing investments and achieving long-term wealth accumulation. 💥

Let's go!🚀